Property Description

This 7.16-acre retail development is situated on Prince Albert’s main Retail Corridor of 15th Street East with an average daily traffic count of over 28,000 vehicles. A tenant mix of national retailers including SaveOn Foods, Dollar Tree, PetSmart, Party City and 5Buds comprises 95% of the tenancy. Completed in 2017, Prince Albert Crossings has 12.5-year WALT and weighted average minimum rent of $18.08 PSF.

Neighbouring national tenants to this site include Walmart, Superstore, Rona, Princess Auto and Shoppers Drug Mart. Prince Albert draws a secondary market trade area extending to the north border of Saskatchewan and into areas of Manitoba with a consumer base of close to 200,000 people.

TOTAL BUILDING SIZE
±82,196 SF

LAND SIZE
±7.16 acres (±311,889.6 SF)

SALE PRICE
$23,950,000.00. ($291.38 PSF)

PROPERTY TAXES
$487,946.68 (2020)

PROJECTED NET OPERATING INCOME
$1,407,447.75
(details available upon signing a non-disclosure agreement)

PARKING
328 paved stalls (4.2 per 1000 SF)

LAND DETAILS
• ±28,000 average daily vehicle traffic
• ±730 FT frontage along Prince Albert’s retail corridor

ZONING
C3

LEGAL DESCRIPTION
Surface Parcel 164153145

POSSESSION
To be arranged

    801 15th St E, Prince Albert, SK S6V 1S2

    Retail Investment Opportunity - Prince Albert Crossings

    7.16 Acre
    $23,950,000
    Listing ID #1962
    Josh Walchuk B.COMM
    Contact